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https://www.libertyhealthsciences.com





ABOUT LIBERTY HEALTH SCIENCES

 



 

Liberty Health Sciences was launched to acquire and operate U.S. – based
companies in the medical cannabis market. Liberty is committed to delivering
high-quality, clean and safe pharmaceutical grade cannabis to patients while
optimizing returns to our shareholders.




 

Liberty Health Sciences Experiences a Significant Increase in Year-Over-Year Revenue and Provides Update on its Liberty 360 and Ohio Operations



Canada NewsWire



TORONTO, Dec. 7, 2018




Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high quality cannabis, announced today that they experienced a significant increase in sales revenue in the quarter ended November 30, 2018 compared to the same period in the prior year. For the quarter ended November 30, 2018, revenue increased by 45% compared to the quarter ended August 31, 2018.

Liberty's recent quarterly revenue totalled $3.2 million and its fiscal year-to-date revenue totaled $6.5 million. This continued growth in revenue reflects the Company's improvement on returning patient count and the expanding dispensary base, as well as the strength of its partnerships with best-in-class brands such as PAX and Mary's Medicinals.

Liberty's patient count increased by 46% during the quarter ended November 30, 2018 to approximately 14,500 patients. Supporting this growth is Liberty's accelerated pace in opening dispensaries, adding three additional dispensaries over the last quarter for a total of seven dispensaries and six delivery hubs opened to date. Liberty expects to open another seven dispensaries by the end of February 2019 to a total of 14 dispensaries across Florida, including locations in Miami, Boca Raton and Gainesville, subject to the receipt of all necessary approvals from the Florida Department of Health. Under the state regulations, the Company is entitled to open up to 30 dispensaries. Accordingly, Liberty will continue to seek suitable locations in response to the state's growing patient count.

"We are happy with the progress we are making as we continue to move forward on both dispensary openings and operational capacity," said George Scorsis, CEO of Liberty Health Sciences. "Liberty remains committed to growth and operational excellence across Florida and to potential expansion opportunities in other states."

In support of the ongoing opening of its dispensary locations, Liberty expects to finish construction in phases on the planned 225,000 square feet Liberty 360 facility including the state-of-the-art processing and production space in 2019. Liberty is currently operating 20,000 square feet of cultivation space at the Liberty 360 property as well as 24,000 square feet at the original Alachua property to support the growing demand for product. The next phase, expected to be completed in early 2019, will add 80,000 square feet of cultivation space. Liberty is fully funded to complete these capital expenditures.

"Our cultivation team is doing an excellent job and we continue to get amazing yields from our operations," said Lewis Swarts, VP Operations of Liberty Health Sciences. "The automation we have introduced into our processing operations is paying dividends as we are able to keep up with the increase in demand from our growing patient base."

In addition to the expanded cultivation and processing space, the facility will also include a state-of-the-art research and development lab. With the completion of the processing plant, Liberty's extraction capacity will increase by nine times its current level.

The completion of Liberty 360 will allow Liberty to significantly increase its production capacity, expand its product line and provide scientific and technical support for Liberty's operations in other states. Liberty currently employs just under 200 people across its operations and dispensaries. With the anticipated completion of Liberty 360, the Company expects to employ a diverse workforce of up to 500 people including patient liaisons, scientists, engineers and cultivation specialists.

In Ohio, Liberty, together with their joint venture partners, the Schottenstein Group, expects to open their dispensary in Dayton, Ohio at the end of March 2019. Its processing facility will open subsequent to that in the spring of 2019, each depending on the receipt of the required regulatory approvals. The joint venture has secured a 10,000 square foot processing facility, which will be used for extraction, refining, formulation and packaging.

"Liberty is committed to bringing the same high-quality offerings to Ohio as we have in Florida," said Scorsis. "With the knowledge base gained over our last year of operation, we believe we have the team and tools to continue to succeed."


 


Company website https://www.libertyhealthsciences.com   



 


https://www.otcmarkets.com/stock/LHSIF/security


 

Market Cap Market Cap                           145,022,067                                    07/30/2019

Outstanding Shares                345,290,635                                    07/18/2019

Restricted                                    6,017,957                                    07/18/2019

Unrestricted                            339,272,678                                     07/18/2019

Held at DTC                                6,442,759                                      07/18/2019

Float                                        280,000,000                                      07/18/2019



















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PostSubject
#6881  Sticky Note Some recognization of positive turn around and growth. Mrone 03/10/20 06:47:12 PM
#6861  Sticky Note Investors Through fiscal 2019, Liberty opened a total of Dude1967 03/06/20 10:28:06 PM
#6930   When are financials do here? new to this kdominic2001 03/28/20 07:50:02 AM
#6929   Thank you! Mrone 03/27/20 08:10:58 PM
#6928   Weekly numbers below: tikotiko 03/27/20 06:09:51 PM
#6927   Good read, MJ Sales up due to Coronavirus Mrone 03/25/20 08:59:15 PM
#6926   On antiviral plants, see table 1, scroll down nilremerlin 03/24/20 10:15:11 PM
#6925   CURLF had a net loss of $70 million Mrone 03/24/20 08:00:43 PM
#6924   CURLF earnings were good and driven by FL HopeSkeptic 03/24/20 07:42:37 PM
#6923   Yes I made some nice trades there last drew5 03/23/20 08:26:47 PM
#6922   Trulieve is kick’n today. WithEyesOpen 03/23/20 02:31:47 PM
#6921   Unique visitors and sales by individual locations I Mrone 03/21/20 11:44:51 AM
#6920   Yes- thanks. I have watched that - HopeSkeptic 03/21/20 11:40:29 AM
#6919   Patient count is in the weekly OMMU sales Mrone 03/21/20 11:37:04 AM
#6918   Mrone = where do you track patient count HopeSkeptic 03/21/20 11:30:18 AM
#6917   Outstanding! These are difficult times, but company tikotiko 03/20/20 09:41:24 PM
#6916   The THC mgs has more than doubled since Mrone 03/20/20 08:35:34 PM
#6915   Nice rebound, and especially in THC. tikotiko 03/20/20 08:18:27 PM
#6914   Weekly Sales Data, Flower up from last weeks Mrone 03/20/20 06:36:55 PM
#6913   very astute..... VERAX 03/20/20 01:25:47 PM
#6912   Very good questions. Why don't you go find VERAX 03/20/20 01:22:02 PM
#6911   No I’m Dr Shares. Be safe and healthy ?? Whatsup23 03/20/20 09:17:03 AM
#6910   Nope. Just a liberty supporter who knows Ignatius J. Reilly 03/20/20 09:10:37 AM
#6909   See the Seeking Alpha article above (Te top Mrone 03/19/20 06:19:28 PM
#6908   Just got back in today ... how much LQMTinvestor2018 03/19/20 05:55:56 PM
#6907   Not happening, $0.25 was the grab in my futurefunder 03/19/20 04:09:47 PM
#6906   I was a trader 4 30 years 17cents Whatsup23 03/19/20 09:51:47 AM
#6905   Me neither, compared to every other cannabis stock futurefunder 03/18/20 01:14:24 PM
#6904   I'm not so sure about that... Ignatius J. Reilly 03/18/20 09:27:41 AM
#6903   Good morning to 20 cents it goes Whatsup23 03/18/20 08:43:11 AM
#6902   Good move! futurefunder 03/18/20 07:17:59 AM
#6901   Liberty is trying... “A special update regarding delivery WithEyesOpen 03/18/20 06:20:35 AM
#6900   LHSIF 52-week tracking is low, but down only Sport47 03/17/20 04:32:40 PM
#6899   Thanks for sharing :) futurefunder 03/17/20 12:14:33 PM
#6898   I shop Liberty regularly. They almost always Weaponaxe 03/17/20 11:07:06 AM
#6897   Who are you Honig Whatsup23 03/17/20 10:07:57 AM
#6896   What? Pretty classy to use the current Ignatius J. Reilly 03/17/20 09:19:40 AM
#6895   Posting so stupid it they don't deserve a VERAX 03/17/20 09:15:29 AM
#6894   Yes just a bunch of Canada criminals and Whatsup23 03/17/20 08:23:45 AM
#6893   You mean like every other stock on the futurefunder 03/17/20 07:32:11 AM
#6892   These guys are done the ripped every one Whatsup23 03/16/20 06:38:25 PM
#6891   Weekly numbers: tikotiko 03/13/20 06:26:49 PM
#6890   I am sure pot stocks have their share Mrone 03/13/20 05:03:07 PM
#6889   It appears that pot stock owners are still WithEyesOpen 03/13/20 02:52:56 PM
#6888   me too waltd 03/12/20 12:56:47 PM
#6887   Wish I had some more powder. I DrFunktastic 03/12/20 12:22:31 PM
#6886   just bought more today again waltd 03/12/20 10:59:13 AM
#6885   maybe i am dumb but i just bought more waltd 03/11/20 11:24:21 AM
#6884   Thanks for sharing, makes me want to pick futurefunder 03/11/20 07:52:10 AM
#6883   One of the best articles I have read FastMny 03/11/20 07:05:45 AM
#6882   Excellent article, thanks! tikotiko 03/10/20 10:37:25 PM
#6881   Some recognization of positive turn around and growth. Mrone 03/10/20 06:47:12 PM
PostSubject